952 E BLUE SPRUCE Lane, Gilbert, AZ 85298, Gilbert, 85298 - 5 bed, 3 bath
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Gilbert, AZ 85298
This Spacious Suburban Residence is a High-Potential Investment Opportunity, listed at $650,000—positioned well below the $736,815 Fair Market Value by 11%. This valuation gap offers $86,815 in Instant Equity for savvy buyers. The property maintains a Condition Rating of 3, featuring a 3,036 sqft layout, 5 Bedrooms, and a covered patio. Zoned for the elite Perry High School (9/10), it combines significant financial upside with long-term residential stability. This is a premier choice for Owner-Occupants or Buy-and-Hold Investors seeking a value-add asset in Gilbert.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 952 E BLUE SPRUCE Lane Subject | $650,000* List Price | 5 | 3 | 3,036 | $243 | - |
A 5880 S BOULDER Street Sold | $799,373 List Price | 4 | 4 | 3,309 | 0.8 mi | |
B 1517 E RAKESTRAW Lane Sold | $789,900 | 4 | 3 | 2,939 | $269 | 0.7 mi |
C 5519 S SANDSTONE Street Sold | $510,000 List Price | 3 | 3 | 1,976 | 0.3 mi | |
D 5891 S GRANITE Street Active | $831,250 List Price | 4 | 4 | 3,173 | $262 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property is move-in ready and falls within the 10-20 year age bracket for a good rating. The interior is well-maintained with neutral paint and updated wood-look flooring in the living areas. While the kitchen and bathrooms feature original oak cabinetry and some dated appliances/fixtures, they are in functional condition with no signs of deferred maintenance.
High School: Perry High School (9/10).
With 5 bedrooms, over 3,000 square feet, and a versatile loft, this home provides ample room for large families or multi-functional living needs.
The property is zoned for highly-regarded schools, including Perry High School with a 9/10 rating, making it a premier choice for families prioritizing education.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The 2006-era oak cabinetry and track lighting may feel outdated to modern buyers, likely requiring a capital investment for cosmetic renovations.
A 6,325 square foot lot is relatively small for a 3,000+ square foot home, resulting in limited backyard space for a pool or extensive outdoor recreation.
Fall in love with this stunning 5-bedroom home in Felty Farms! Explore the inviting living areas, boasting soft carpeting underfoot, tile in all the right places, soaring ceilings promoting an airy feel, arched passageways, and a soothing palette. The bright kitchen displays track lights, oak cabinetry, plenty of counter space, built-in appliances, and an island, perfect for casual meals. The serene main bedroom promises a good night's sleep and hosts a walk-in closet for easy organization and an ensuite with double vanities and a separate shower & tub. The sizable loft is perfect for a home office or a TV area. Get ready for weekend grills and cheerful evenings in the backyard, including a covered patio, a grass area perfect for games, and ample seating space. Make it yours now!
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades 7-8 • 4.0 mi
Grades 8-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 81% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,036 | 2,355 | 77% |
| Lot Size | 6,325 | 8,347.5 | 21% |
| Price | $650.0K | $516.5K | 69% |
| Price per sq ft | $214 | $258 | 43% |
| Built year | 2006 | 2006 | 50% |
| HOA | $106 | $252 | 23% |
| Days on market | 12 | 2505 | 1% |
Apr 10, 2026
$650,000
Initial Listing